National Register of Historic Places Inventory-Nomination: Philadelphia Contributionship

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National Register of Historic Places Inventory-Nomination: Philadelphia Contributionship Form No. 10-300 (Rev. 10-74) UNITED STATES DEPARTMENT OE THE INTERIOR ; NATIONAL PARK SERVICE NATIONAL REGISTER OF HISTORIC PLACES INVENTORY - NOMINATION FORM SEE INSTRUCTIONS IN HOWTO COMPLETE NATIONAL REGISTER FORMS ____________TYPE ALL ENTRIES -- COMPLETE APPLICABLE SECTIONS______ NAME HISTORIC Philadelphia Contributionship AND/OR COMMON Philadelphia Contributionship LOCATION STREETS NUMBER 212 South Fourth Street -NOT FOR PUBLICATION CITY, TOWN CONGRESSIONAL DISTRICT Philadelphia — VICINITY OF STATE CODE COUNTY CODE Pennsylvania Philadelphia 101 HCLASSIFICATION CATEGORY OWNERSHIP STATUS PRESENT USE _ DISTRICT —PUBLIC 2LOCCUPIED _ AGRICULTURE _ MUSEUM X-BUILDING(S) ^-PRIVATE _ UNOCCUPIED X-COMMERCIAL —PARK —STRUCTURE —BOTH —WORK IN PROGRESS _ EDUCATIONAL _ PRIVATE RESIDENCE —SITE PUBLIC ACQUISITION ACCESSIBLE —ENTERTAINMENT —RELIGIOUS —OBJECT _ IN PROCESS X_YES: RESTRICTED _ GOVERNMENT —SCIENTIFIC —BEING CONSIDERED _YES: UNRESTRICTED —INDUSTRIAL —TRANSPORTATION _NO —MILITARY —OTHER: OF PROPERTY Contact: Walter L. Smith, Jr. NAME The Philadelphia Contributionship for Secretary & Treas. the Insurance of Houses from Loss by Fire__________________ STREETS NUMBER 212 South Fourth Street CITY, TOWN STATE Philadelphia VICINITY OF Pennsylvania LOCATION OF LEGAL DESCRIPTION COURTHOUSE, REGISTRY OF DEEDS, ETC Division of Records STREETS NUMBER Philadelphia City Hall CITY, TOWN STATE Philadelphia Pennsylvania 3REPRESENTATION IN EXISTING SURVEYS TITLE Historic American Buildings Survey; Pennsylvania Historical & ____Commission; Nationa 1 Register_______________________Museum DATE 1959; 1969; 1971 ^FEDERAL X-STATE _COUNTY LOCAL DEPOSITORY FOR SURVEY RECORDS Library of Congress; Pa. Hist. & Museum Comm.; MR CITY, TOWN STATE ________Washington : Harrl ^burp;- ._ o j Washi np;t-on______D.v j - - __ C -y Pa , n t r. DESCRIPTION CONDITION CHECK ONE CHECK ONE X_EXCELLENT _DETERIORATED _UNALTERED X_ORIGINALSITE _GOOD _RUINS JXALTERED Mnypn HATF _FAIR _UNEXPOSED DESCRIBETHE PRESENT AND ORIGINAL (IF KNOWN) PHYSICAL APPEARANCE During its early years, the Philadelphia Contributionship had no permanent headquarters. The directors conducted the firm's general business during periodic meetings in various public buildings or taverns, policyholders met annually in the Philadelphia Courthouse, and the company clerk carried out routine day-to-day business from his home or office. After 1817 routine business was conducted in the countinghouse of company treasurer Joseph S. Lewis at 25 Dock Street. The directors discussed the acquisition of a permanent company office as early as I8l6, but they did not act on this notion until 1835. In that year they bought property on South Fourth Street from Charles Poulson and engaged Thomas U. Walter, who was already on his way to becoming one of the Nation's leading architects in the Greek Revival style, to design a combination office and dwelling and supervise its construction. When completed, the building was to house the treasurer and his family as well as the business office. The elegant three-story, red brick structure that Walter produced in 1836 received a mansard roof and an additional story in 1866-67, but it has undergone no other major structural changes. It continues to serve as the Contributionship's headquarters on its original location, which is adjacent to Independence National Historic Site. A number of lesser alterations have been made to the building In 1866-67 the same architects who designed the mansard roof, Edward Collins and Charles Autenreith, supervised replacement of the deteriorating marble portico on the front facade and added curved railings and side steps to Walter's original design. In 1898, following the death of treasurer J. Somers Smith, the directors decided to convert the entire building into office space and retained the architectural firm of Furness, Evans, & Company to plan the changes and contractor John Duncan to execute them. In 1930 the company engaged architect Howard Lewis Shay to make additional internal changes, including installation of an electric elevator, and to remove the Collins and Autentfeith scrolls from the base of the fourth-floor windows and the Furness, Evans, & Company cornices from the first-floor windows. Finally, in 1969 the Contributionship's directors had the first floor space renovated (by Hatfield, Martin, & White), and recently they had a black-painted steel fire escape attached to the rear portion of the north exterior wall. As it stands today the 50-by-5^-foot, three-bay-wide structure appears, except for its mansard roof, much the same as it did in 1836. It sits over a partially raised full base- ment, displays white-painted wood and marble trim and red brick bearing walls laid in Flemish bond, and has oak joists (continued) El SIGNIFICANCE PERIOD AREAS OF SIGNIFICANCE - CHECK AND JUSTIFY BELOW —PREHISTORIC —ARCHEOLOGY-PREHISTORIC —COMMUNITY PLANNING —LANDSCAPE ARCHITECTURE —RELIGION —1400-1499 —ARCHEOLOGY-HISTORIC —CONSERVATION _LAW —SCIENCE —1500-1599 _AGRICULTURE —ECONOMICS —LITERATURE —SCULPTURE —1600-1699 —ARCHITECTURE —EDUCATION —MILITARY —SOCIAL/HUMANITARIAN _Xl 700-1799 _ART —ENGINEERING —MUSIC —THEATER —JQ 800-1899 ^L-COMMERCE —EXPLORATION/SETTLEMENT —PHILOSOPHY —TRANSPORTATION —COMMUNICATIONS —INDUSTRY —POLITICS/GOVERNMENT —OTHER (SPECIFY) —INVENTION SPECIFIC DATES Subject: 1752-present BUILDER/ARCHITECT^]!. & Robt. Knight & Thcmas Site; 1835-present "Thomas u. Walter ^v Walter STATEMENT OF SIGNIFICANCE As historian F. C. Oviatt pointed out to the American Academy of Political and Social Science more than 70 years ago, the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire was "the first fire insurance company to be organized in the United States."^ Formed in 1752, largely as a result of exertions by Benjamin Franklin, it preceded the next oldest by 32 years. In addition it was, according to insurance historian John Bainbridge, "the first successful [mutual] insurance company" founded in this country.2 In its role as a pioneer institution the Philadelphia Contributionship established, says noted insurance executive Frederick T. Moses, two guidelines "that were to constitute the fundamentals of mutual insurance for two centuries there­ after. One was the careful selection of risks and the second was to inspect them."3 The first of these Contributionship practices constituted, in Bainbridges f s view, "the rude beginning of the science of rating risks." Besides these accomplishments, says Bainbridge, the firm originated the practice of setting rates according to the quality of the risk and "enunciated for the first time in America the great[est] principle of insurance accumulation of safety reserves."^ Thus the Philadelphia Contributionship, despite having never issued insurance outside Philadelphia and its neighboring counties, has exerted a truly monumental influence upon the conduct of the insurance industry throughout the United States. (continued) 1F.C. Oviatt, "History of Fire Insurance in the United States," in Lester W. Zartman and William H. Price (eds.), Property Insurance Marine and Fire (New Haven, 1926. Published originally in 1909.), 72. Reprinted from Annals of the American Academy of Political Science, XXVI (September, 1905), 335-58. 2john Bainbridge, Biography of an Idea: The Story of Mutual Fire and Casualty Insurance (Garden City, 1952), 21. SFrederick T. Moses, Fireman of Industry (Providence, 195*0, 10 ^Bainbridge, Biography of an Idea, 50, 5^« MAJOR BIBLIOGRAPHICAL REFERENCES (See continuation sheet.) ElGEOGRAPHICAL DATA ACREAGE OF NOMINATED PROPERTY C3.FGS. 1 SiCTQ UTM REFERENCES ZONE EASTING NORTHING ZONE EASTING NORTHING C| , I I I , I , , I I . I , I , , I D| , I I I , I , , I I , I , I , I I VERBAL BOUNDARY DESCRIPTION ' The boundary of the designated property coincides with the boundary of the legal lot known as 212 South Fourth Street, Philadelphia, Pennsylvania. LIST ALL STATES AND COUNTIES FOR PROPERTIES OVERLAPPING STATE OR COUNTY BOUNDARIES STATE CODE COUNTY CODE STATE CODE COUNTY CODE FORM PREPARED BY NAME/TITLE George R. Adams, Director. Historic Landmarks Project___________________ ORGANIZATION DATE American Association for State and Local History____May 1977______ STREET& NUMBER TELEPHONE 1*100 Eighth Avenue South__________________61*5/242-558^_________ CITY OR TOWN STATE Nashville.__________________________Tennessee 37203_______ ESTATE HISTORIC PRESERVATION OFFICER CERTIFICATION THE EVALUATED SIGNIFICANCE OF THIS PROPERTY WITHIN THE STATE IS: NATIONAL__ STATE___ LOCAL___ As the designated State Historic Preservation Officer for the Natfonal Historic Preservation Act of 1966 (Public Law 89-665), I hereby nominate this property for inclusion in the National Register and certify that it has been evaluated according to the criteria and procedures set forth by the National Park Service. FEDERAL REPRESENTATIVE SIGNATURE TITLE DATE DATE DATE Form No. 10-300a (Rev. 10-74) UNITED STATES DEPARTMENT OF THE INTERIOR NATIONAL PARK SERVICE 1111111$:! NATIONAL REGISTER OF HISTORIC PLACES INVENTORY ~ NOMINATION FORM CONTINUATION SHEET pfrll . Qont. ITEM NUMBER y PAGE Qne_________________ with heart-pine flooring that is covered now with carpeting. Its marble front portico measures approximately 7 feet deep and 15 feet wide and consists of a base about 2 1/2 feet high and a flat roof with a Corinthian entablature supported by two plain rectangular pilasters and four fluted Corinthian columns. The columns are joined by a balustrade that extends across the front of the portico and curves,
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